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management consulting group (MMC) Details

Management Consulting Group plc provides professional services in the Americas, Europe, and internationally. The company operates in two segments, Kurt Salmon and Alexander Proudfoot. The Kurt Salmon segment offers management consultancy solutions. It partners with its clients to provide strategies and solutions. This segment also offers functional expertise. The Alexander Proudfoot segment designs and executes programs for changes in operational and financial performances. The company was incorporated in 1971 and is headquartered in London, the United Kingdom.

management consulting group (MMC) Key Developments

Management Consulting Group plc Declares Interim Dividend for 2014, Payable on January 6, 2015; Reports Unaudited Group Earnings Results for the First Half Year Ended June 30, 2014; Provides Earnings Guidance for the Second Half and Full Year of 2014

Jul 31 14

Management Consulting Group PLC announced that the Board is declaring an interim dividend for 2014 of 0.23 pence per ordinary share compared to 0.23 pence per share a year ago. The interim dividend will be paid on January 6, 2015 to shareholders on the register on December 5, 2014.
The company reported unaudited group earnings results for the first half year ended June 30, 2014. For the period, the company reported revenue of £125,018,000 against £123,421,000 a year ago. Profit from operations - underlying was £7,158,000 against £7,005,000 a year ago. Profit from operations before amortisation of acquired intangibles was £5,797,000 against £5,649,000 a year ago. Profit from operations was £5,317,000 against £4,371,000 a year ago. Profit attributable to owners of the company was £1,446,000 against £1,878,000 a year ago. Basic and diluted earnings per share was 0.3 pence against 0.4 pence per share a year ago. Underlying Basic and diluted earnings per share was 0.4 pence against 0.7 pence per share a year ago. Net cash outflow from operating activities was £5,520,000 against £12,412,000 a year ago. Purchases of property, plant and equipment was £464,000 against £845,000 a year ago. Purchases of intangible assets was £137,000 against £931,000 a year ago. The group's net debt at 30 June 2014 was £48.0 million.
The normal phasing of cash flows means that historically the second half of the year tends to see stronger cash generation and the Board continues to expect this to be the case in 2014.

Management Consulting Group PLC announced that they will report first half, 2014 results on Aug 01, 2014

Management Consulting Group PLC Announces Net Debt Result at the End of First Six Months of Fiscal 2014; Provides Revenue Guidance for the Full Year of Fiscal 2014

Jul 4 14

Management Consulting Group PLC announced net debt result at the end of first six months of Fiscal 2014. The company announced net debt at the half year is likely to be approximately £48 million.
The company provided revenue guidance for the full year of fiscal 2014. The company announced the strengthening of Sterling in 2014 versus 2013 is expected to result in the group overall reporting first half revenues at a similar level to the first half of 2013, although on a constant currency basis both Alexander Proudfoot and Kurt Salmon have increased revenues.

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